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of <h1>Individuals with INR 10,000+ tax liability must pay advance tax under Section 208; TDS credit affects calculations.</h1> As per Section 208 of the Income Tax Act, 1961, individuals with an estimated tax liability of INR 10,000 or more must pay advance tax after accounting for TDS (tax deducted at source). Therefore, TDS credit is considered when calculating advance tax liability. However, if the payer credits or pays the amount without deducting tax, the TDS benefit cannot be applied in calculating advance tax liability.
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